Top 10 Motor Insurance Providers In Australia For 2022[Updated];-There are a number of things to take into account while searching for the top vehicle insurance companies in Australia. Price, supplier quality, and unique services offered are a few of them. You should be able to determine which businesses give the most value for your money using the listings provided above. Since the first vehicle insurance company was established in the UK less than 50 years ago, motor insurers have advanced significantly. The motor insurer is a completely new class of insurance as a result. Based on our in-house research and analysis, this article presents the top 10 motor insurers in Australia for 2022.Visit our sister site MIVP Motor Insurance to see how these businesses fare with one another.
Check out the chart below for a more in-depth look at Australia’s top 10 motor insurance. The companies listed below were chosen by MIVP, or Motor Insurance Viper, based on their track record for providing excellent customer service as well as the breadth of their coverage. The businesses are listed starting with the first company in alphabetical order.
1. Australian Seniors
According to productreview.com.au, Australian Seniors is the best-rated motor insurance provider in Australia, with scores of 4.6 for openness, 4.7 for value for money, and 4.7 for customer service. Notably, 88 of the 92 individuals who submitted claims on the website had their claims approved.
Australian Seniors car insurance policies are written by Hollard and include options for comprehensive, third-party property damage, and third-party, fire, and theft coverage. Additional features like roadside assistance and $20 million in legal liability coverage are available.
2. Australian Warranty Network (AWN)
AWN received ratings of 4.7 for transparency, 4.7 for value for money, and 4.7 for customer service on productreview.com.au. Customers appreciated the insurance for its quick response to questions, exceptional customer service, and straightforward claims process.
AWN is renowned for its mechanical breakdown insurance, which covers a variety of vehicles including RVs, caravans, motorcycles, and scooters. Among its other products and services are general insurance, administration and claims management, roadside assistance, asset protection, and training programs.
Youi Pty Ltd scored 3.9 for openness, 3.8 for value for the money, 4.1 for customer service, 3.9 for timeliness, and 3.6 for job satisfaction. Since the staff was accommodating and kind, customers found it straightforward to set up their insurance coverage and submit a claim. Since many other insurance companies charge individually for this service, customers particularly appreciate the free roadside assistance.
Youi is owned entirely by OUTsurance International Holdings Pty Limited, a division of the Rand Merchant Insurance Holdings Group (RMIH). Its products include business liability insurance, boats, motorbikes, caravans, and trailers, as well as buildings and their contents.
4. Budget Direct
The following ratings were given to Budget Direct: 3.9 for transparency, 4.1 for value for money, 4.0 for customer service, 4.0 for timeliness, and 3.8 for job satisfaction. Due to uncomplicated procedures and simple goods, customers were able to obtain insurance quickly.
With over 1,300 staff, nine million customers, and alliances with hundreds of auto mechanics and construction firms, Budget Direct is an Australian general insurance company. The ability to add one or more supplementary features, such as car rental after an accident or flood insurance for their home, allows policyholders to customize their coverage at any time and submit claims.
5. Integrity Extended Warranties
Integrity Extended Warranties received a score of 3.8 for transparency, 3.9 for value for money, and 4.0 for customer service. Customers were satisfied with the price and value of the policy. Numerous policyholders who made multiple claims had no issues because to the friendly staff and swift process.
Leading companies in the sector, such as Lumley Insurance and the Royal Automobile Club of Victoria (RACV), have longstanding affiliations with Integrity Extended Warranties. Its coverage plans include Absolute and Endurance. The Absolute coverage plan, which provides a comparable level of coverage after the manufacturer’s warranty expires, is offered through vehicle dealerships. The Endurance plan, on the other hand, is a stated components and parts warranty that, regardless of age or mileage, covers cars for one to five years.
6. Real Insurance
Real Insurance Pty Ltd received a transparency rating of 3.5 out of 5 stars, a value for money rating of 3.8 out of 5 stars, a customer service rating of 3.7 out of 5 stars, a timeliness rating of 3.6 out of 5 stars, and a job satisfaction rating of 3.9 out of 5 stars. Customers appreciated how quickly and expertly the insurance handled their requests for repairs and claims.
Real Insurance asserts to be both the first insurer in Australia and the whole globe to offer pay-as-you-drive auto insurance using a trust-based methodology. Customers can choose to add extra coverage to their insurance for greater protection or pick the basic policy to keep their payments low.
Three out of five ratings were given to Eric Insurance for value for the money, 3.6 out of five stars for openness, and 3.7 out of five stars for customer service. Customers like the insurer’s affordable insurance and its amiable staff, who they felt gave them accurate product information.
With more than 20 years of experience in the automotive insurance sector, Eric Insurance is a general insurance company. A few of its well-known products are comprehensive auto insurance, motorcycle insurance, motor vehicle warranty insurance, motor vehicle tyre and wheel insurance, motorbike warranty insurance, and motorcycle tyre and wheel insurance.
Huddle Insurance got scores of 3.2 for customer service, 3.5 for value for money, and 3.1 for transparency. The company’s cheap insurance, excellent customer service, and efficient claims and repair procedures were all praised by policyholders.
Over 35,000 people are active members of Huddle Insurance, which also includes a small army of Huddle Bots, AI-powered bots that use algorithms to discover crucial information and support customers around-the-clock. It provides third-party and comprehensive property insurance coverage with a number of benefits and extras. The comprehensive plan provides coverage for damage to both the policyholder’s car and other people’s property and vehicles. On the other hand, third-party property insurance only covers harm to other people’s vehicles or property.
9. Woolworths Insurance
Woolworths Insurance received ratings of 2.3 for openness, 2.6 for value for the money, 2.4 for customer service, 2.3 for timeliness, and 2.6 for job satisfaction. According to pleased customers, consumers complimented the insurance for its “cost-competitive coverage and superb claims procedure.”
Woolworths Insurance offers a variety of vehicle insurance options, including comprehensive, third-party property damage, and drive less, pay less. With Woolworths Drive Less Pay Less, part-time drivers may receive comprehensive coverage. All benefits for third-party property damage, including theft or attempted theft, malicious damage, and fire, are covered by third-party property (fire and theft) insurance.
The third-party property damage package includes liability coverage for anybody legally using the policyholder’s vehicle without authority. While comprehensive auto insurance protects policyholders from monetary losses brought on by accidents and collisions, harm from other drivers or passengers, damage to another person’s property or vehicle, theft and vandalism, natural disasters, and transportation-related occurrences.
10. State Government Insurance Office (SGIO)
Customer service received a 2.5 rating, value for the money received a 2.4, and transparency received a 2.3. Long-term policyholders complimented the insurer for its excellent customer service, affordable coverage, and straightforward claims process.
The Insurance Australia Group (IAG), one of the top general insurers in Australia and New Zealand, supports the insurance company SGIO. Comprehensive, Comprehensive Plus, Third-Party Property Damage, Third-Party Fire and Theft, Veteran, Vintage, and Classic Vehicle Coverage are all included in its auto insurance line.
The good news is that getting a reliable estimate for auto insurance is now simpler than ever thanks to the intense competition in the insurance sector. To find the best offer, all you need to do is decide what sort of coverage you want and then compare prices from different providers. Don’t be misled by the word “Motor insurance.” It’s simple to find a reliable quotation for auto insurance with all the alternatives available.